Nonprofit · EIN 84-1964216
MN FUNDRAISING INITIATIVE
Tax-exempt · BLAINE, MN 55449
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,470,611 | $3,201,993 | $268,618 | $1,724,846 | $0 | $1,724,846 |
| December 31, 2023 | 990 | $3,159,288 | $2,909,378 | $249,910 | $1,456,228 | $0 | $1,456,228 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,432,502
- Investment income
- $38,109
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,974,066
- Compensation of officers, directors and key employees
- $177,724
- Salaries, compensation and benefits (total)
- $177,724
- Professional fundraising fees
- $0
- Legal fees
- $23,146
- Occupancy
- $1,983
- Program services (functional)
- $3,201,993
Balance sheet and other
- Total assets, start of year
- $1,456,228
- Total assets, end of year
- $1,724,846
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,724,846
- Net assets without donor restrictions
- $1,724,846
- Gross receipts
- $3,470,611
- Employees
- 0
- Volunteers
- 1,354
- Year formed
- 2019
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martin Cross | CEO Key employee, Highest-paid employee | 75 | $159,436 |
| Jessica Musta | COO Key employee, Former | 18 | $18,288 |
| Patricia Cross | Treasurer Trustee or director | 30 | $0 |
| Monica Fisher | President Trustee or director | 5 | $0 |
| Chris Johnson | Secretary Trustee or director | 5 | $0 |
| Kelly McElderry | Vice President Trustee or director | 5 | $0 |
| Forrest Pryde | Officer of the board Trustee or director | 5 | $0 |
| Jamie Johnson | Officer of the Board Trustee or director | 5 | $0 |
| Kevin Schmitt | Officer of the Board Trustee or director | 5 | $0 |
| Tim Laughlin | Officer of the Board Trustee or director | 5 | $0 |
| Vince Hull | Officer of the board Trustee or director, Institutional trustee, Officer, Key employee, Highest-paid employee, Former | 5 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martin Cross | CEO Key employee, Highest-paid employee | 70 | $97,256 |
| Jessica Musta | Vice President/COO Key employee, Former | 11 | $2,720 |
| Patricia Cross | Treasurer Officer | 20 | $0 |
| Stacy Schelkoph | President Officer | 20 | $0 |
| Monica Fisher | Board member at large Officer | 1 | $0 |
| Chris Johnson | Secretary Officer | 0 | $0 |
| Jana Kachmarek | Board Members at large Officer | 1 | $0 |
| Angie Keay | Board member at large Officer | 1 | $0 |
| Kelly McElderry | Board member at Large Officer | 1 | $0 |
| Elizabeth Di Grazia | Secretary Former | 0 | $0 |
| Heather Murphy | Board member at large Former | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2091 125TH AVE NE, BLAINE, MN 55449-3722
- Principal officer (990 for 2024)
- MNFundraising Initaitive, 14813 Able Street Ne, Ham Lake, MN 55304
- Signed the 990
- Martin Cross, CEO
- Phone
- (763) 575-7585
Mission
MN Fundraising Initiative's mission is to enrich the lives of youth and families by providing grants to fund opportunities they would otherwise not be able to experience.
Program accomplishments
- MN Fundraising Initiative provided financial assistance by way of grants to youth and families to allow family members to participate in organized activities including dance, sports, educational classes, & school activites. These activites provide life enrichment, help build self-esteem, aid personal and artistic development while helping build community connection which helps strengthen the community as a whole. In 2024 we were able to provide 2813 such grants.Expenses $3,201,993 · grants $2,974,066 · revenue $3,510,031
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1964216
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $1,724,846
- Income (IRS master file)
- $3,470,611
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,470,611 | $3,201,993 | $1,724,846 | XML |
| 990 | December 2023 | $3,159,288 | $2,909,378 | $1,456,228 | XML |
| 990 | December 2022 | $2,517,517 | $1,804,655 | $1,206,318 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-1964216).
Questions about MN FUNDRAISING INITIATIVE
- What is the EIN of MN FUNDRAISING INITIATIVE?
- The employer identification number (EIN) of MN FUNDRAISING INITIATIVE is 84-1964216.
- Is MN FUNDRAISING INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MN FUNDRAISING INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MN FUNDRAISING INITIATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MN FUNDRAISING INITIATIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MN FUNDRAISING INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MN FUNDRAISING INITIATIVE?
- The 990 for the year ended December 31, 2024 names MNFundraising Initaitive.
- Who are the officers and directors of MN FUNDRAISING INITIATIVE?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $159,436 (Martin Cross, CEO).
- How much revenue does MN FUNDRAISING INITIATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,470,611, expenses of $3,201,993 and total assets of $1,724,846 at year end.
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